Direxion Daily Junior Etf Price on February 9, 2024
| JNUG Etf | USD 36.09 0.31 0.85% |
Below is the normalized historical share price chart for Direxion Daily Junior extending back to October 03, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Direxion Daily stands at 36.09, as last reported on the 4th of May, with the highest price reaching 37.32 and the lowest price hitting 35.56 during the day.
If you're considering investing in Direxion Etf, it is important to understand the factors that can impact its price. Direxion Daily appears to be not too volatile, given 3 months investment horizon. Direxion Daily Junior secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the etf had a 0.15% return per unit of risk over the last 3 months. By reviewing Direxion Daily's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Direxion Daily's Mean Deviation of 3.44, coefficient of variation of 956.75, and Downside Deviation of 4.72 to check if our risk estimates are consistent with your expectations.
Direxion Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 72.53 | 200 Day MA 30.4426 | 1 y Volatility 71.18 | 50 Day MA 32.7232 | Inception Date 2013-10-03 |
Direxion |
Sharpe Ratio = 0.1508
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Estimated Market Risk
| 4.28 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Direxion Daily is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Direxion Daily by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 2.5 K |
Direxion Daily Valuation on February 9, 2024
It is possible to determine the worth of Direxion Daily on a given historical date. On February 9, 2024 Direxion was worth 25.29 at the beginning of the trading date compared to the closed value of 24.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Direxion Daily etf. Still, in general, we apply an absolute valuation method to find Direxion Daily's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Direxion Daily where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Direxion Daily's related companies.
| Open | High | Low | Close | Volume | |
| 25.47 | 25.78 | 25.10 | 25.10 | 1,017,284 | |
02/09/2024 | 25.29 | 25.29 | 24.50 | 24.62 | 1,376,114 |
| 24.70 | 25.77 | 24.60 | 25.25 | 1,347,405 |
| Backtest Direxion Daily | | | Direxion Daily History | | | Direxion Daily Valuation | Previous | Next |
Direxion Daily Trading Date Momentum on February 9, 2024
| On February 12 2024 Direxion Daily Junior was traded for 25.25 at the closing time. The top price for the day was 25.77 and the lowest listed price was 24.60 . The trading volume for the day was 1.3 M. The trading history from February 12, 2024 was a factor to the next trading day price rise. The trading delta at closing time against the next closing price was 2.56% . The overall trading delta against the current closing price is 0.28% . |
Direxion Daily Junior Fundamentals Correlations and Trends
By evaluating Direxion Daily's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Direxion Daily's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Direxion financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Direxion Daily Etf history
Direxion Daily investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Direxion is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Direxion Daily Junior will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Direxion Daily stock prices may prove useful in developing a viable investing in Direxion Daily
The fund invests at least 80 percent of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. Junior Gold is traded on NYSEARCA Exchange in the United States.
Direxion Daily Etf Technical Analysis
Direxion Daily technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Direxion Daily Period Price Range
Low | February 9, 2024
| High |
25.29 | 24.62 |
Direxion Daily May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Direxion Daily etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Direxion Daily shares will generate the highest return on investment. By undertsting and applying Direxion Daily etf market strength indicators, traders can identify Direxion Daily Junior entry and exit signals to maximize returns
| Accumulation Distribution | 42986.56 | |||
| Daily Balance Of Power | (0.85) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 24.9 | |||
| Day Typical Price | 24.8 | |||
| Price Action Indicator | (0.61) | |||
| Period Momentum Indicator | 11.47 |
Direxion Daily Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Direxion Daily's price direction in advance. Along with the technical and fundamental analysis of Direxion Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Direxion to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.3781 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0805 | |||
| Treynor Ratio | 0.4362 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Daily Junior. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
The market value of Direxion Daily Junior is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.